Gurus - Should I pay my mortgage off now or invest elsewhere/save for rental prop?

Hi,

I'm early 30s, owe $140K +/- on my house. Rate is 4% flat. Single. No family.

Given the market, is the consensus around here to go Dave Ramsey and just pay this sucker off ASAP? Or take that money and invest in other areas?

I could pay this off in 24 months max given my income. Likely 18 months if I really go bare bones in living...

I do want to buy another property at some point (with acres) and am worried about interest rates in the next couple years. Also thinking we are heading for a housing/market correction and thus I could really capitalize if I saved my money and then bought "more house" when things are low...but the rates could be much higher...

Just looking for other smarter folks to give me their 2 cents...

Being completely debt free sounds amazing, I just don't want to miss other opportunities while sending all my free cash to pay this off. I don't really invest either, and I do feel the stock market could be due for a major correction...

Thanks all.

Wilson

Let's block ads! (Why?)

Gurus - Should I pay my mortgage off now or invest elsewhere/save for rental prop?